A conditional contract was exchanged, subject to planning.
A planning consent was secured for a new 213 bed hotel on the site based on a new city hotel format – Pocket Hotel.
The long-leasehold and freehold interests acquisition was then completed.
Strong interest in the consented scheme enabled us to sell our stake in the business for a significant uplift.
![Paul Street, EC2 – Hotel Scheme](https://quoinstone.im/wp-content/uploads/2021/11/PaulS-2068_1002_FINAL_NoMassing-1024x683.jpg)
![Paul Street, EC2 – Hotel Scheme](https://quoinstone.im/wp-content/uploads/2021/11/PaulS-2068_1001_FINAL_NoMassing-1024x683.jpg)